Posted on 08/24/2015 4:00:11 AM PDT by EBH
U.S. stock index futures screamed lower, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling more than 400 points, as fears surrounding the health of China's economy multiplied.
These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent .
Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.
(Excerpt) Read more at finance.yahoo.com ...
QE4 here we come...
Let the games begin! (the Hunger Games that is). Barky’s home from vacation now so he might just notice and have his minions intervene to slow the slide.
Most Americans don’t benefit directly from a strong stock market, so they aren’t like to be affected by a major correction. I’d also suggest that “non-essential” spending has been in doldrums for a long time anyway. In fact, this malaise in consumer spending is a big reason for the sell-off on Wall Street.
The market has been propped up by easy money for years. Only Ron Paul and Governor Palin has talked about this. So when the cap hits the fan, there’ll be more calls for a bailout and Wall Street will be demonized.
Wasn’t this supposed to be the “summer of recovery”...
After all those false starts for the last 6 years...
Let me guess, it was “unexpected”...
cnbc says now is a good time to buy.
but before you buy you should sell and then buy back at a lower price
or, just do nothing and ride it out
They have also reported it is a good idea to spit into the wind, pull off Superman's cape and mess around with Slim.
"People who had wanted to bottom feed by buying earlier this morning are all losing money,” said Andy Wong, a Hong Kong stockbroker. “The market trend does not look good, it is all bad news, globally. All the markets are going down, globally; The Chinese stock markets are in free fall today.”
This might sting a bit.
Most working Americans have 401k accounts. I panicked in 2008 and made major changes after that crash. Should have sat tight and rode the market back up. Plan to do that this time.
“The job of these faux journalist mouthpieces for the status quo is not to report the facts, analyze the true factors underlying the market, or seek the truth. Their job is to calm the masses, keep them sedated, and paint the rosiest picture possible.”
http://www.zerohedge.com/news/2015-08-23/theyre-gonna-need-bigger-balance-sheet
Never try to catch a falling knife.
Yup.
I was thinking about getting a new(er) pickup.
Not anymore. I'll be getting a couple of cans of Bondo instead.
Don’t be so hasty there. My 401 is directly affected by the stock market. I didn’t Google how many Americans have them but I bet it’s quite a few.
Wasn’t this supposed to be the “summer of recovery”...
Heck I think the 0 said that every summer and then the Spring was something else.
Oh, yeah it was the Irish Spring or something like that.
I was watching TV and usual inane, juvenile, low IQ commercials assaulted my senses. People need to wake up, and prioritize.
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